Springer Pets, based in Texas, is a pet bottle brand that specializes in crafting drinking water bottles for dogs. Established in 2021, the company is dedicated to inventing beautiful and sustainable products.
Designed specifically for dogs, these bottles ensure hassle-free drinking. The upper part of the bottle is shaped like a cup, allowing dogs to easily lap up water while preventing spills.
The travel bottle is available in three variants: Mini, Classic, and Growler. In terms of color options, it comes in Green, Blue, Pink, Red, and more.
| Company Name | Springer Pets |
| Founder | Diana Ross and Shannon Ross |
| Founded | 2021 |
| Product | For the dog who’s always game. |
| Asked For | $400k for 6% Equity |
| Final Deal | $400k for 10% Equity + preferred stock |
| Shark | Lori Greiner |
| Episode (Shark Tank USA) | S13 E23 |
| Air Date | May 13, 2022 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Austin, Texas, United States |
| Lifetime Worth (Sales) | $4.5M *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Did Springer Pets Get a Deal on Shark Tank?
Mark declined to invest in the business, while Daymond withdrew from the funding deal without providing extensive reasons or excuses.
Robert acknowledged the product’s quality but expressed concern that the requested investment amount did not align with its sales performance, leading him to withdraw from the deal for this reason.
Kevin presented an offer of $400,000 for a 3% equity stake in Schmuck Insurance, contingent upon the product being sold. Additionally, he suggested a payment of $3 per unit sold and a return of the $400,000.
Lori offered $400,000 in exchange for a 10% equity stake and the company’s preferred stock. She also proposed assisting the company with distribution as part of the deal. However, when the founder countered with an offer of 8%, Lori did not accept it.
Springer Pets Shark Tank Update
After being featured on Shark Tank, the company experienced a fourfold increase in monthly sales. This innovative product has captured the attention of dog lovers, driving them to purchase it for their furry companions.
The company has also launched new products, including leashes, sling bags, dog collars, and more. The majority of their sales occur through Amazon, with additional sales made through retail stores nationwide.
What Is the Net Worth of Springer Pets?
Springer Pets has an estimated net worth of $1 million, based on the company’s current valuation and sales data.
More than 10 people are currently employed by the company. In addition to providing employment opportunities, Springer Pets also makes donations to support environmental conservation efforts.
